MyGubbi raises $2.7 million funding

​Set up in 2015, MyGubbi had raised a seed round of $2.3 million last year.Priyanka Sangani | ET Bureau | October 09, 2017, 09:41 IST

"We would look at going deeper into existing markets, as well as strengthen our backend. We are also setting up a of excellence in design centre of excellence in Bengaluru, which is where these funds would be deployed," Sangurmath said.Home interiors startup MyGubbi has raised $2.7 million in pre-series A funding in a round led by the family office of Firoze Irani; Vipul Parekh, co-founder of BigBasket; Ananda Kallugadde, co-founder of NeoBytes; and Rajesh K Murthy, president of Infosys, among others.

Set up in 2015, the company had raised a seed round of $2.3 million last year. Umesh Sangurmath, co-founder, MyGubbi, told ET that the funds would be deployed primarily towards growing the business.

"We would look at going deeper into existing markets, as well as strengthen our backend. We are also setting up a design centre of excellence in Bengaluru, which is where these funds would be deployed," Sangurmath said.